Patten & Patten Inc. TN Buys 191 Shares of GE Vernova Inc. (NYSE:GEV)

Patten & Patten Inc. TN grew its stake in shares of GE Vernova Inc. (NYSE:GEV) by 5.5% during the third quarter, HoldingsChannel reports. The firm owned 3,651 shares of the company’s stock after purchasing an additional 191 shares during the quarter. Patten & Patten Inc. TN’s holdings in GE Vernova were worth $931,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GEV. Newport Trust Company LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $650,140,000. Bank of New York Mellon Corp purchased a new position in GE Vernova in the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new position in GE Vernova in the first quarter worth about $367,474,000. Marshall Wace LLP purchased a new position in GE Vernova in the second quarter worth about $399,770,000. Finally, Legal & General Group Plc purchased a new position in GE Vernova in the second quarter worth about $293,699,000.

Analyst Upgrades and Downgrades

GEV has been the subject of several recent analyst reports. Raymond James cut shares of GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on shares of GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Barclays lifted their target price on shares of GE Vernova from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of GE Vernova in a report on Monday, October 21st. They issued a “buy” rating and a $354.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

GE Vernova Trading Up 2.4 %

GEV opened at $349.44 on Tuesday. GE Vernova Inc. has a 1-year low of $115.00 and a 1-year high of $349.79. The company has a 50 day simple moving average of $260.05 and a two-hundred day simple moving average of $202.91.

GE Vernova Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.